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Get Matched Free →Homes for Iowans Program
Funding status: Active
How much assistance
Low-rate 30-year mortgage available to first-time and repeat buyers
Not applicable - first mortgage product.
Eligibility
- Income limits: Household income generally up to $163,800 (varies by county).
- Purchase price limit: $510,000
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Home must be in Iowa. Purchase price limit up to $624,000 in federally targeted areas.
- Homebuyer education required: Yes
How to Apply for Homes for Iowans Program
Contact an IFA participating lender to apply. Can be paired with the IFA 2nd Loan for down payment assistance.
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